Whales Dump 70 Million XRP in 48 Hours! Price Loses Footing, Brace for $2 Fall

Major holders of XRP have unloaded around 70 million tokens within the past 48 hours, sparking alarm across the crypto market. Data from on-chain tracker Santiment show wallets holding between 100,000 and 10 million XRP beginning a sustained sell-off, despite the token’s recent rally.
Earlier this week, XRP climbed toward the $2.50 mark, but the sudden wave of large-scale distribution has undermined that surge. With whales offloading, market sentiment has shifted quickly toward caution. The coordinated dump signals that major holders may be taking profits or reducing exposure ahead of potential headwinds.
Technically, the move raises red flags. The token is now trading with less support and heavier supply pressure. As large holders exit, fewer buy orders remain to cushion a downturn. Some analysts warn that this places XRP at risk of revisiting the $2.00 level unless fresh demand emerges to absorb the excess supply.
What’s driving the action? A mix of factors appears to be in play: after a brief accumulation phase, whales seem to believe the uptrend had run its course. Meanwhile broader market uncertainty—regulatory chatter, macro-macro risk, and altcoin rotation—is likely stripping momentum. In the face of such distribution, retail investors may be cautious, further reducing buying pressure.
For traders and investors, the message is clear: the current rally is under threat. While short-term rebounds are not off the table, the probability of a deeper pull-back has increased. Holding through this phase requires conviction and tolerance for volatility. For those riding the trend, it may be prudent to set stop-loss levels or reduce position size. In sum, the rapid off-load by major wallets is a warning sign that the market might be shifting from accumulation to distribution—and XRP could be preparing for the next leg downward.

Popular posts from this blog

AppLovin: The Adtech Engine Powering App Monetization — and a 9-Bagger in Four Years

Trump Vows to Keep the U.S. No. 1 in Crypto as China Ramps Up Its Push

CME Sees 91.9% Odds of a 0.25% Fed Rate Cut in October

OKX Review 2025: Fees, Features, Security, and How to Sign Up (Step-by-Step)

Warning! BTC Faces a Potential Downtrend After the Violent Sell-Off on October 10